Team Hedge Fund

“courtesy of the World Gold Council’s just released Gold Demand Trends update, there is an explosion in demand for the precious metal which will likely not cease any time soon: in a nutshell, in Q2 demand for gold surged by 36% from 770 tonnes to 1,050 tonnes: a huge move, and one which solidifies the thesis for a fundamental rise in gold, aside from all the talk that gold is now just a backstop to Central Bank idiocy. Lastly, the WGC sees a huge demand coming out of Chinese consumers for gold in the future which will provide a constant bid floor.”
Go to Source

Related posts:

1. IMF sells 10 tonnes of gold to Bangladesh
2. Why The Ongoing Push To Inflate The Debt Overhang By The Fed Is Suicidal
3. Secret gold swap has spooked the market
4. Gold Price To Double As China Prepares To Increase Its Gold Holdings Tenfold
5. China’s gold output slips 5.8 pct in July on mth